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Successful organizations capitalize on
their strengths and opportunities while identifying and taking
actions to minimize their weaknesses and threats. The best
organizations achieve these competencies by knowing at all
times where they are relative to their business and financial
objectives. By measuring and tracking key financial, operational,
customer and employee measures, organizations clearly identify
what is working and if they're on schedule to achieve their
goals.
To
assist organizations, Success Profiles has developed
Business Performance Scorecards and Company Scoreboards.
Scorecards are used when displaying departmental, business
unit, and/or division performance. Scoreboards display
how an organization is performing overall by "rolling-up"
and consolidating departmental scorecard measures.
Successful scorecards and scoreboards have the following
characteristics:
- Presented clearly and convey a consistent message
- Represent reasonable and creditable numbers
- Easy to understand
- Provide employees with the ability to connect the scorecards/scoreboards
to what they do everyday
- Are timely and updated frequently
- Use a combination of numbers, charts and graphics
- Measure variance, ratios, percent of change, and customer
complaints.
Benefits to using Business Performance Scorecards
and Company Scoreboards:
- Communicates the organizations business objectives to
all employees
- Focuses and prioritizes organizations activities to achieves
the desired outcomes
- Builds a comprehensive performance management system tailored
to the needs of your organization
- Develops higher levels of performance
- Serves as a motivating roadmap by creating a clear line
of sight for the organization
- Integrates companies key performance measures
- Eliminates the "strategic disconnect" between management
and employees
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